Coston McIsaac & Partners Has $5.85 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Coston McIsaac & Partners grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.8% in the third quarter, HoldingsChannel reports. The fund owned 28,318 shares of the semiconductor company’s stock after acquiring an additional 230 shares during the period. Texas Instruments makes up 1.7% of Coston McIsaac & Partners’ portfolio, making the stock its 20th largest position. Coston McIsaac & Partners’ holdings in Texas Instruments were worth $5,849,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ raised its stake in Texas Instruments by 4.3% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company’s stock valued at $45,535,000 after acquiring an additional 9,608 shares during the period. Nordea Investment Management AB increased its position in Texas Instruments by 16.9% during the 1st quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock worth $175,538,000 after buying an additional 145,328 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Texas Instruments by 60.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company’s stock worth $33,909,000 after buying an additional 65,512 shares during the period. Advisors Capital Management LLC increased its position in Texas Instruments by 185.7% during the 1st quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock worth $55,124,000 after buying an additional 205,676 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Texas Instruments by 454.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after buying an additional 1,029,741 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 3.4 %

Shares of NASDAQ:TXN traded up $6.55 during mid-day trading on Wednesday, hitting $200.52. 3,581,078 shares of the company traded hands, compared to its average volume of 5,446,338. The stock has a market cap of $183.08 billion, a P/E ratio of 34.55, a P/E/G ratio of 4.32 and a beta of 0.98. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $214.66. The stock has a 50-day moving average price of $203.31 and a two-hundred day moving average price of $194.94.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the previous year, the firm earned $1.80 earnings per share. The business’s revenue was down 8.4% on a year-over-year basis. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a $1.36 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.71%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is currently 90.28%.

Insiders Place Their Bets

In other news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,558 shares of company stock valued at $3,255,323. Insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TXN. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Susquehanna decreased their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday. JPMorgan Chase & Co. raised their price target on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a research report on Wednesday. Finally, KeyCorp raised their price target on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $206.95.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.